Track Every Presidential Action. Understand the Impact.

Lowering Drug Prices by Once Again Putting Americans First

On April 15, 2025, President Donald Trump issued Executive Order 14273, titled "Lowering Drug Prices by Once Again Putting Americans First," aimed at reducing prescription drug costs for Americans. The order directs several actions, including improving the Medicare Drug Price Negotiation Program for greater transparency and cost-effectiveness, stabilizing Medicare Part D premiums, and aligning the treatment of small molecule drugs with biological products. It also mandates the development of strategies to reduce prices for high-cost drugs for seniors, enhance Medicaid drug payment innovation, and streamline drug importation processes. Additionally, the order seeks to address anti-competitive practices by pharmaceutical manufacturers and improve transparency in pharmacy benefit manager fee disclosures.